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's remarks, will a fiscal cliff deal get done? text "a" for yes, text "b" for no to 622639 or go to our blog at ed.msnbc.com. i'll bring you the results later in the show. joining me now is sheldon whitehouse from rhode island. thank you for joining us. >> thank you for having me. >> sir, this is serious, this is even dire. are you encouraged by the meeting today and the president's remarks in the aftermath of that meeting? >> well, i think that the decision to move the forum for the negotiations to the senate was a necessary one. i have a lot of confidence in harry reid's negotiating ability. mitch mcconnell is a veteran negotiator, and i think there's a far better prospect of something being worked out in the senate than there was dealing with speaker boehner and his completely dysfunctional house republican party. >> sure. well, abiding by convention and of course protocol, the senate won't return until sunday. will there be enough time for the senate leaders to really craft a deal that is substantiative and makes a difference, especially to the most vulnerable americans? >> yeah, i think
deal, but in the case of the fiscal cliff, no deal is the worst deal because the government will go over the fiscal cliff and will take almost every american with us. almost every family that pays taxes now will pay higher taxes. people's jobs will immediately be put in jeopardy, unemployment compensation will end for more than 2 million people, our defenses will be decimated by cuts that will put us in a position of accepting really unacceptable risks to our security, title 1 programs of education for low-income children will be cut dramatically, most people, including the congressional budget office, our own congressional budget office, say that the combination of tax increases along with the decreased spending required under the budget control act will push our economy back into recession in the new year. so i don't agree that no deal is better than a bad deal. in this case, i repeat, no deal is the worst deal because it allows our country to go over the fiscal cliff and really hurts almost every american family in our country, in our economy, as a whole. this shouldn't be a surp
one more attempt to work out a deal to overt the so-called fiscal cliff. in unison, his pals in the news media repeated this white house talking point. >> president obama cutting short his vacation in hawaii, heading back now to washington. that will happen tonight to work on the fiscal cliff deal. >> the looming fiscal cliff is forcing president obama to cut short his christmas vacation. >> president obama is cutting short his christmas vacation. he is leaving hawaii tonight so that he can be back in washington when congress reconvenes tomorrow. >> laura: so we should believe that by leaving his island enclave that the president was making some big sacrifice for the country? i'm thinking washington, crossing the delaware on a bitter christmas night 1776 before going on to defeat the british in two major battles, that's sacrifice. i, for one, never understood how in good conscious any of these politicians would think about leaving town with so much riding on this cliff hanger? shouldn't they get their work done before they leave town for a break? that's what's expected for mo
no fiscal cliff deal? >> i talked to independent economist, mark zandi, he said if there is no deal on wednesday, expect a slow bleed in financial markets, maybe 50 to 100 points lost on the dow per day for a couple of weeks, if in mid-january it becomes clear that even going over the cliff hasn't made a deal more likely, expect a huge selloff, perhaps 800 points rivalling what happened when the first t.a.r.p. bill went down in the fall of 2008 during the financial crisis, kate. >> john harwood, thanks so much. and there will be much more on all of this tonight on a live special report on cnbc. it's titled "america's economy held hostage," that's at 8:00 eastern time. >>> overseas, this has been a very deadly weekend in syria, where the civil war has been going on now for 21 months, as fighting raged in a number of cities, activist groups say more than 50 people were killed today and yesterday was far worse, with almost 400 deaths reported. more than 45,000 people have died since the war began. and today, the special u.n. negotiator predicted that 100,000 more syrians could be kille
'm arthel nevil. it's down to the wire for fiscal cliff deal. lawmakers are trying to draft a plan under the deadline. president obama says he is optimistic they will come to an agreement if not, deep spending cuts will kick in for nearly every american. helpis one step closer for super storm sandy. senate passing a bill to provide $60.4 billion in aid for states impacted by the disaster. bill now has to pass through the house of representatives. hurricane sandy was blamed for at least 120 deaths in areas from north carolina to maine, new york, new jersey and connecticut. i'm arthel nevil, now back to fox news watch. for all the latest log on to foxnews.com. i'll see you right here at 4:00 p.m. eastern alongside gregg jarrett. >> we will make sure that f there is anything is needed we get it out immediately. i want to thank you for everything you've done and we appreciate that. >> connecticut state police lieutenant paul advance talking to people. the killer committed suicide as police closed in on him. one of many tragedies that received major attention this year. it's a challenge for t
are out of money. this means if a debt ceiling deal is not included any fiscal cliff deal, and it is not likely to be. gregg: then this debt mess continues for a few months. and we've still got to argue that out in congress between congress and the president. heather: geithner said last thursday, he called them, trort nary measures would have to be taken to borrow money. >> yep. heather: breaking news in europe on the big 75% tax rate that the french wanted to pass for the rich. >> the breaking news that a french court said a 75% tax rate on individuals is unfair. so it has been rejected. the court court says unless you apply it to households it is not fair to single out individuals. that means 75% tax at this moment is not in effect. the french government and francois hollande says, it won't make any difference. we'll rewrite the law using new wording and we'll catch more people in the 75% tax rate net. heather: stuart varney, i know you have a lot of work to do today. it is a busy day financially. thank you. >> thank you. gregg: what will it mean if lawmakers fail to str
. the president said he is modestly optimistic about a fiscal cliff deal getting done before new year's eve. >> clayton: they all said the same thing. presidential meeting with the leaders yesterday. harry reid. >> juliet: vice president showed up. >> clayton: they must have been all on the same table hey whether we lee this table we will say modestly optimistic. listen to senator mitch mcconnell who may be the linchpin of this whole thing. he said i will take the ball and run with it in the senate. get a deal done. listen to the senator. >> we had a good meeting at the white house. we are engaged in discussions the majority leader and myself and the white house in the hopes that we can come forward sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. we will be working hard to see if we can get there in the next 24 hours. so i'm hopeful and optimistic. >> charles krauthammer calling him a master negotiator. saying if it were left up to him he could solve the syrian civil war in a weekend. >> dave: he can get it done but there
. we will kick the can down the road, do a small deal and create another fiscal cliff to deal with this. again a total lack of courage, lack of leadership. >> could they create another cliff? >> it's almost as if they're bouncing off one before bouncing on another further down the canyon. simply by the way the senate and the housework, how the wheels of legislating turn basically, it's nearly impossibility for things to get done before new year's eve unless both chambers lock themselves in those chambers until monday evening. to try to get some of this done. as was sort of already being talked about, as this deadline approached anyway. >> folks are saying, look, it's already so bad, it doesn't work the first time. >> yeah, all the things set to expire would still conceivably expire unless something is in that modest agreement which would likely be mostly about taxes. the spending cuts and things like that would probably -- but most of those wouldn't be felt for a few more weeks or months anyway. >> it seems like any deal would be hammered out in the senate with harry reid and mish mccon
they are eager to talk and ready to strike a deal. the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours
're going to end up with a small, kick-the-can, down-the- road bill to make another fiscal cliff to deal with this fiscal cliff. >> reporter: with expectation low, lawmakers are talk about how to retroactively fix any damage done by going over the cliff with congress. nicole collins, fox news. >>> developing tonight, a strike that could have shut down ports up and down the east coast is averted for now. the long shoreman's union along the east coast and gulf of mexico will extend the current contract for 30 days. that extension prevents a possible strike that could have crippled operations at port and including the port of baltimore. in a statement today, the maryland governor martin o'malley wrote, quote, the port of baltimore continues to be a major part of the state economic strait generating and supporting thousands of jobs. during the extended period, we hope long-term resolutions can be reached for the hardworking families who depend on jobs and commerce linked to the port of baltimore. >>> to the state of the skins. it's the hottest ticket in town. the redskins play host sunday ni
. the top headline on politico is fiscal cliff deal increasingly unlikely. i think a lot of people are feeling that pessimism right now. what are you hearing? >> well, i think what you've got here, alena, is a nash equilibrium to borrow from economic theory and game theory. each of the players believe they are pursuing their optimal strategies given the strategies of the other players and there's no reason to change it. i think as observers of this, the american public, you can say there's a real reason to change it. in terms of the politicians, i think they're pursuing their best strategy right now and that leads us toward that cliff. unless something changes in the next couple of days, most folks now believe that any fix will happen after january 1st. >> the house gop leadership put out a statement yesterday. i want to read part of it for you. it says in part, the house has acted on two bills which collectively would avert the entire fiscal cliff if enacted. those bills await action by the senate. if the senate will not approve, and send them to the president to be signed into la
and the white house not reaching a deal on the fiscal cliff? do you think it's possible that a compromise will be reached before the deadline? tammy simpson writes -- peggy fleming says -- >> a lot of people fired up obviously over this. >>> traffic is back to normal on the springfield interchange, even while virginia state police continue to investigate a deadly accident there. this happened around 7:00 last night when a tractor-trailer stopped in traffic, was rear- ended by a pickup truck. three people inside the pickup truck died at the scene. the driver of the tractor- trailer was not hurt. >>> d.c. police are offering a $25,000 reward for information leading to the arrest in the shooting death of a capitol hill man. jason emma was shot multiple times the morning of christmas eve. he was found sitting in his car. the vehicle was still running. police think he was killed when two men tried to rob him. the funeral is set for tomorrow at 11:00 in arlington. >>> a disturbing scene out of new york city, where police say a man has died after being pushed onto the subway tracks. it happened
a deal on the fiscal cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight to deal with the looming fiscal cliff. after that red eye, the president will no doubt need coffee. starbucks decided to get political in the washington, d.c., shops, by having employees write come together on cups. ceo howard schultz writing in open letter, "my hope is the simple message will serve as holiday reminder from starbuck of the spirit that bridgeed differences and we have the power to come together and make a difference in every season of the year." the president and speaker john boehner have not spoken in nearly a week. when the house republicans convene conference call today, all
and the president are going to stop the nation from going over the fiscal cliff. without a deal, taxes are said to go up on every american. sherrie johnson is here with the latest. >>> talks continue this morning about 11:00, so far there is no deal. republicans and democrats negotiated all weekend with the hope of passing legislation that will protect most people from a massive tax hike set to kick in tonight. there was optimism when the republican leader in the senate, mitch mc connell, made an offer, it ended when harry reid said he couldn't precepts a counter proposal. joe biden is playing a direct role in the talks. they remain at odds over the across the board cuts to government programs and defense set to go in to effect. they are divided on taxes. the white house wants to raise rates on people making more than 250,000 dollars a year. republicans would like to keep the estate tax from going over. >> we have to make sure taxes on middle class families don'ts go up that would hurt our economy badly. >> i placed a call to the vice president, to see if he could jump start the negotiations on
people are saying this fiscal cliff deal isn't going to happen pause the two sides are too far apart and there simply isn't enough time yet. mark, i will begin with you, what happens if we go over the cliff? what will americans experience? >> well i think we are going to go over the cliff. quite frankly i think it is a good thing the prospects of getting a deal after january 1 are significantly higher and that is for three reasons. first now president obama has all the leverage. after january 1st the leverage shifts to the gop. because president obama perfectly going over the fiscal cliff to blame republicans because he can't default on the debt. he will have to compromise between now and february. second of all the baseline gets reset if the tax cuts expire. everybody will propose a tax cut in january and right now we're fighting whether to increase taxes or not. you can see possibility of a deal seen as win-win for both sides. third, if republicans don't come up with a deal, a bad deal right now, they still have the $800 billion in revenue they put on the table from limiting deduct
costly. >> i'm hopeful that a deal will avoid the worst parts of a fiscal live cliff. >> the tax increases need to be averted, avoided. they can be. i think in the end we'll get a deal. the question is the timing of that. >> according to administration officials, senior white house staff will hold a conference call with some of the country's top business leaders within the half hour to brief them on negotiations. we're told the president will not be on that call. live in the newsroom, keith russell, news4. >>> stay with us. coming up at 50:30, we'll break down the immediate impacts on american there's no deal and explain how it would hit our local economy. again that's in the next half hour. >>> it's an epic rivalry. washington versus dallas. this weekend the stakes are as high as they've ever been. the rivalry can split households right down the middle. richard jordan joins us live from feddics field. richard? >> reporter: pat, there is no doubt about it, come sunday families will be pouring into the stadium or sitting around the tv to watch the big game, but some some cases thi
we would go over the fiscal cliff, if there is no deal. john boehner shot back saying that reid needs to talk less and legislate more. but really this comes down to working out, cobbling together something that can get support. president obama wants that tax cut threshold to be at $250,000. well, mitch mcconnell poured some cold water on that yesterday. so they need to come to some sort of agreement on where the threshold would be. we don't know what it would be yet in the senate. >> 250,000 for the democratic side and republicans couldn't even agree on a million. that's a $750,000 gap they have to close. let's hope they do that. thank you. >>> commanders in chief past and present paying tribute to retired general norman schwarzkopf this morning. the commander of coalition forces during the gulf war died yesterday at 78. schwarzkopf was the face of military briefings during the first cable news war. former president george h.w. bush who is hospitalized, said the general was a true american patriot, one of the great military leaders of this generation. >>> new york city police are look
>>> good morning. fiscal cliff hanger, lawmakers scrambling to make a deal to keep sharp tax increases an spending cuts from taking effect in 36 hours. can washington get it done? we'll find out where the president stands as he talks exclusively to nbc news. >>> moments of impact. dramatic new images of the moment when a passenger jet crashed off the runway in russia on to a roadway killing four people. ♪ >>> and, fishy thing, this london fishmonger whose sales pitch has turned him into an internet sensation. the viral video that has millions of people around the world hooked, today, sunday, december 30th, 2012. >>> from nbc news this is "today" with lester holt and erica hill >>> i'm erica hill. >> i'm carl quintanilla. >> all eyes on washington. a number of americans wondering this morning why lawmakers have not yet been able to reach a deal to avoid the fiscal cliff. president obama spoke exclusively to nbc's david gregory. we are going to get a preview of what he has to say just ahead. >> it has been just two weeks since the tragedy of sandy hook elementary in connectic
pass a deal to avoid the so-called fiscal cliff, but is that optimism justified even if the senate can can come together and craft a deal? a very big if at this point and what are the chances that house speaker john boehner can get members of his congress to go along with the deal. joining me now perry bacon and lynn sweet. i want to start with you because i read something that you wrote an article recently in which you said basically that the rumors of the tea party's demise have been greatly exaggerated noting their key role in refusing to go along with john boehner's tax plan to raise taxes on those making more than $1 million a year. the fiscal cliff debate has illustrated then during influence of the tea party and the power of the conservative party. boehner can't guarantee that his members won't face primary challenges from the right so there's little surprise they won't follow his lead. >> mcconnell's not going agree to something that all other republicans are opposed to because he's a republican, too, and he has to worry about a primary, potentially, as well. the core of this i
back because of the fiscal cliff. they're coming back in case there is a potential deal, in case there is something to debate and discuss. now, there are other things they can do if there is no fiscal cliff deal. namely hurricane sandy supplemental might need work, also work on the farm bill, also overdue. there are other things, plenty of business to work open, but the truth is they're coming back because of the fiscal cliff, in case there might be a deal, and also to show that they're working until the last minute. >> lisa, i love you, but you just depress me. >> oh, no! >> i know. >> have faith. have faith. honestly, it is not -- these guys are best at the last minute. i think we're far from the last minute, though it feels that way to a lot of people. especially the unemployed losing their benefits tomorrow. it is a serious matter. they're best at the last minute and they're not there yet. >> we shall see. >> try to smile. >> i'll try. i'm sure many americans are trying as well. >>> we talked about the effect of hitting the fiscal cliff on american taxpayers. what about busin
in washington today to figure out an 11th-hour deal on the fiscal cliff, but what about the house, which punted on boehner's plan b. house congressman steve latourette, by the way someone who has repudiated grover norquist's pledge joins us next. >>> and mark zuckerberg's sister confused about facebook's privacy settings. we'll have the details of that ahead. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the
schwarzkopf has died. >>> a fiscal milk cliff is looming. bears over the bruins in the holiday bowl. >>> good morning, even as the finger pointing continues on capitol hill this morning, new hope on a deal to avoid that fiscal cliff. president obama will be meeting with congressional leaders later today. danielle leigh joins us. >> that meeting in many ways a last opportunity for the president and congressional leaders to reach a deal and get something done before this year is over. if this meeting is unsuccessful it could seal this country's fate, as some developments yesterday. house members no longer on stand by. ready to come back sunday. to take a vote. when these tax cuts expire just about every worker is going to see their paycheck reduced. it's going to eliminate unemployment extensions and initiate spending cuts across the board. >> how will people see this in their paychecks and in their taxes? >> workers will feel it immediately in their paychecks. those paychecks will be reduced. those making 40,000, 50,000 are going to see 1700 less a year. it continues as the wages increase. so
worked out, america goes off the fiscal cliff. surrounding himself with middle- class americans, president obama had sounded off this afternoon. >> it appears that an agreement to prevent this new year's tax hike is within sight, but it is not done. >> sources say taxes would rise on income over $500,000, which the president sees as a big win for him. >> just last month, republicans in congress said they would never agree to raise tax rates on the wealthiest americans. obviously the agreement that is currently being done would raise those rates and raise them permanently. >> some democrats did not applaud. agreedid the president's to raise rates on those making over $250,000, not four hundred thousand dollars. >> democrats won a two-year postponement, with costs covered by new tax hike. the president scoffed at republican demands for deeper spending cuts. >> shove spending cuts at us. >> so much for the gop. >> a bigger deal is, will a deal get done? >> whatever happens are does not happen before midnight, this partisan more on taxes and spending is sure to continue well into 20
a deal on the so-called fiscal cliff. we've all been talking about it. but with just a few days to go, what happens if we do fall off that cliff? doug stand big in washington right now with what could happen if a deal isn't reached. doug? >> good morning. you're right, we're going to have some of the big players back here in washington today. a message for any of them, it may be coming from starbucks. if you order a coffee anywhere in the dc area right now, they're going to write the message, come together, kind of an urgent plea for the president and members of congress to come up with a plan to avert the fiscal cliff. as far as we know, there is not a starbucks on board air force one. and that's exactly where president obama is right now. slowly making his way to issue with a wash. giving him time to make his next move. congress will be back in session as well. this is the first time since 1970 that a house of congress -- in this case the senate -- conducted legislative business in the week between christm new. doesn't mean they're going to get anything done. the most likely outcome
gloomy about the chances for a compromise deal on the fiscal cliff. >> nine days to get a deal done. house speaker boehner is in ohio. president obama in hawaii. >>> today we say aloha to an american hero, the late senator daniel inouye was remembered with full military honors in hawaii. the 88-year-old senator lost his arm in world war ii, he represented hawaii in washington for more than 50 years. president obama and the first lady attended today's service. the president has said inouye was his earliest political inspiration. >>> many gun shop owners say sales have been booming. thousands of north texans visited local gun shows and stores this weekend where the most powerful weapons are costing more than ever. a gun dealer told our affiliate that an assault style weapon ran around $900. this week anywhere from 1500 to $2500 many in just a few minutes my conversation with a gun shop owner, several former police officers and a school safety expert who says the current call for bringing guns into schools for safety is in his words, borderline insane. >>> an estimated 87 million ameri
the fiscal cliff, and that was reflected today on the sunday shows from both democrats and republicans, take a listen. >> passing plan b the other night would not have changed the outcome, we're going to go over the cliff before, we're going to go over the cliff now. you cannot negotiate with someone that doesn't want to negotiate. >> in the aftermath of the house republicans rejecting speaker boehner's plan b, i feel it's more likely we will go over the cliff than not, and that -- if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. maybe ever in american history. >> officially, the president is expected to be here -- or is supposedly here in hawaii through the new year, i think the expectation at this point is that with congress returning, president obama is likely to go back to washington to oversee things as they move. or as the fiscal cliff comes nearer and the u.s. goes over it. >> can we expect any other lawmakers to step up to the plate and kick start negotiations? what about senate minority leader mitch mcconnel
we expect a deal here or is the nation heading over the fiscal cliff? >> we can still avoid going over the fiscal cliff if the president and the democrat-controlled senate step forward this week and work with republicans to solve this problem and solve it now. [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. >> gregg: time for a quick check of the headlines. police have a suspect in custody in new york city's deadly subway push. the woman apparently made statements implicating herself in thursday's murder of a 46-year-old man. >>> same sex marriages are now legal in the state of maine. the law went into effect at midnight and authorities immediately began issuing licenses and performing weddings. >>> a french court rejecting a 75% millionaire's income tax scheduled to begin in 2013. the tax would have made the rich contribute a whole lot more to cutting public deficit. >> arthel: here at home as senator leaders work behind closed doors to cut an 1
these empty hallways today trying to work out a deal to avoid the fiscal cliff. higher taxes will give the average american about $1,500 less to spend next year, and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short-term spending cuts until a bigger deal can be reached. >> it is going to be a patch because in four days we can't solve everything. >> while senators try to brave the bad weather in many parts of the country in order to make it back here to washington, house leaders say they will not leave home unless the senate passes its bill first. house republicans scuttled a proposal from speaker john boehner last week, and 48% of americans say they are to blame if no deal is reached. >> both sides here have a problem with the american people, and it's why congress has an 11% job approval rating. >> frank lund says americans are fed up with gridlock in washington. >> there is no compromise, and i think that's going to grow as a concern among the pu
the impact if lawmakers fail to reach a deal on the fiscal cliff. bimultibillion-dollar aid bill may be a casualty of the casuemate. the ripple effects would be felt far from the fields. we asked anna warner to look into that. >> reporter: eagle lake, texas, depends on rice. it's been grown here since the 1800s. drought is usually the biggest threat, but the nervous talk in the drugstore now is about congress. >> without the farm bill, it really makes it uncertain for ehat you should do next year. >> reporter: steve is a pharmacist here and a rice farmer. the people are nervous. >> very nervous. wh reporter: what are they saying when they're coming in? what are you hearing? >> "what do we do?" you know, they don't know what to do. ht's so uncertain right now that the banks don't know what to do. the farmers don't know what it do. they're out there plowing the land, getting it all prepared for next year, with total cecertainty. >> reporter: at stake, $154 billion in federal farm aid and isop insurance, sidelined by the fiscal cliff stalemate. benefits from the farm bill also guarantee
the fiscal cliff. our political panel is going to weigh in on the chances for a deal. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> the pressure is on as harry reid and mitch mcconnell race against the clock to find a fix to the fiscal cliff. joining me are cnn contributor and democratic strategist maria cardona and republican strategist ron bonjin. good morning to you. >> good morning. >> good morning. >> ron, i'll start with you. reid and mcconnell, they really are the focus in the senate. in the house, it's speaker john boehner. i've got to ask you, is his job on the line if republicans balk at any deal that's reached? >> no, not at all. speaker boehner is extremely strong. his conferences support him and knows that he's been in a tough position trying to negotiate the fiscal deal with the president. he's be
. >> thanks. >>> despite all the hand-wringing over the fiscal cliff, investors haven't melt much pain. that doesn't mean if won't get ugly on wall street if we don't have a deal soon. cnn's alison kosik looks at the consequences. >> reporter: don, with wall street focused squarely on the fiscal cliff, there is little incentive for investors to move stocks higher so stocks ended lower for the fifth session in a row friday with the dow tumbling 158 points. this slide began last week when speaker boehner was unable to bring his plan b. to a vote. that would have avoided the fiscal cliff. but he wasn't able to bring that to a vote. that made investors lose confidence, and since then, nothing really concrete has happened with the fiscal cliff to convince investors that a deal can get done. so at this point, the market doesn't really want a band-aid or so-called framework deal. in fact, one trader told me that it would almost be better if we went over the cliff, because that would give the markets some certainty. they would at least know what to expect. that is, of course, instead of a band
strike. >>> a key senator weighs in on the fiscal cliff and why he is confident a deal will be made before the year ends. . >>> thousands of registered nurses plan to walk out of bay area sutter health hospitals on christmas eve of the one-day strike is part of an ongoing battle between the california nurses association over health benefits and sick days. you are looking at video of their last picket about a month ago. all of hospitals plan to have fill-in nurses. >> a key senator express optimism that congress will avoid the fiscal cliff before the year ends. >> speaker boehner was $200 billion higher on spending cuts and out of a $4 trillion budget that doesn't seen insurmountable so i hope they keep talking. >> congress is expected to be back in session thursday and without a deal, tax hikes and deep spending cuts will be triggered on january 1st. >>> coming up tonight on the 10:00 news from flooded roadways to sinkholes. >>> our stormwatch coverage continue as a powerful storm leaves behind a mess in the bay area. >> thank you for trusting ktvu channel 2 news. >> we'll see
a deal on the fiscal cliff. do you think it is possible that a compromise will be reached before the deadline. you can share your thoughts and comments on facebook, on our fob page. just search for fox 5 morning news, no space between fox and the number 5. we may share your comments on air. >>> now to a big story we are following as we learn of the pass aifg decorated u.s. general. >> general norman schwarzkopf passed away yesterday after battling pneumonia. we have a report. -- the passing of a decorated u.s. general. >> reporter: the commander of u.s. led international coalition forces that drove shad out of kuwait in 1991 has died. general schwarzkopf was a much- decorated combat soldier in vietnam and was possibly known as stormin' norman. former president bush approved the following statement. statem >> in the late '80s, general schwarzkopf was promossed to general and later appointed commander in chief of the u.s. central command. general colin powell released this statement which read in part, with the passing of general h. norman schwarzkopf, america lost a great patriot
. president obama flying home from hawaii this morning to try and get a deal on the fiscal cliff with the deadline just five days away now, but are the two sides even talking? >>> 36 million hits and counting. the videos that made us laugh, cry and cringe in 2012. we are going to look back at four of the year's most talked about internet sensations as the stars of them join us live in the studios, thursday, december 27th, 2012. >>> from nbc news, this is "today" with matt lauer and savannah guthrie, live from studio 1a in rockefeller plaza. >>> good morning. welcome to "today" on this thursday morning. i'm savannah guthrie. >> i'm willie geist in this morning for matt. we have the party music on for a reason. it's someone's birthday in this room today. happy birthday, savannah. >> thank you. i'm getting my musical request for today. a little techovibe. >> we will have the carbon daters to take us back to the day you were born. >> do you need to tweet out my age? >> i gave some hints. >> turning 30, very excited about that. >> we'll let you have that one. >> a lot of wind in the n
's still no deal preventing the economy from going over the fiscal cliff. members of congress are pointing fingers over who is to blame for the lack of progress to prevent tax hikes and spending cuts. connecticut's independent senator joe lieberman expects congress to work right up to the new year's eve deadline. but he's not even sure that's going to be enough. >> it's the first time i feel it's more likely we will go over the cliff than not, and if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. >> the president and congress are on short holiday breaks right now. due back later in the week. one possibility is a partial deal on taxes while putting off an agreement on spending, therefore kind of kicking some of the can down the road, once again. >> and that seems to be what congress is good at. no problem ever gets solved. there's no grand bargain. we heard that term tossed around. seems like we just do a little bit and then say oh, we'll get to it by summer and get to it by the fall. and nothing substantive really g
on the "fiscal cliff" clock. >> not likely to make a deal before the 1st. >> reporter: cbs 5 political analyst joe tuman says this is washington politics at its worst. >> the only thing that's going to force both sides to negotiate is going over the deadline. people will vote for it. they will be able to say exactly the opposite. >> reporter: in the meantime, consumers suffer. that's because we're about to take the plunge off the dairy cliff. a farm bill expires at the end of the year meaning the government reverts back to the 63-year-old pricing formula for milk and those costs are passed to you. nogallon of milk is about $3.50
tomorrow to steer us back from the fiscal cliff. more on what, if any, deal could be shaping up. >>> and keeping them honest, why avoiding economic disaster seems to be so hard to do for some of the folks in washington. >>> some breaking news. late word that president obama will meet tomorrow with congressional leaders for one more shot at keeping the country from going over the fiscal cliff. before we get the latest on that, though, let's clear one thing up. everyone talks about the cliff as if it's simply materialized from out of the blue. keeping them honest, that is just not so. the package of drastic budget cuts and tax increases that go into effect tuesday morning are totally manmade and totally avoidable and all sides know it. it's a kind of legislative dooms day machine written by the men and women who work here and signed by president obama. the idea being to make it so painful not to cut a deal on taxes and spending that they would be forced to cut a deal on taxes and spending. except keeping them honest, they haven't done it. even though they knew the stakes, they kne
on their own. >>> congress has one week to come to an agreement in order to avoid the so called fiscal cliff. some lawmakers are not hopeful a deal will be reached. congress will return to work on thursday after taking a few days off for the christmas holiday. if no deal is reached the nation will see across the board tax increases and spending cuts in domestic programs. >> while congress focuses on avoiding the fiscal cliff, a number of other legislative issues are going unattended including the agriculture bill which could lead to a big increase in the price of milk. under the bill the government buys milk from farmers if it gets too low. the dairy subsidy is set to expire january 1st. experts say milk could reach $7 in 2013. >> let's hope something gets done. >> that is a lot for milk. >>> still ahead, a check of your holiday travel forecast. >> plus, just in time for christmas, a special homecoming for a dog after he had been on the run for months. >>> the duke and dutchess of cambridge will northbound the southern english village of bucklebury. they will pay a visit to the queen tomorro
the fiscal cliff. more on what, if any, deal could be shaping up. >>> and keeping them honest, why avoiding economic disaster seems to be so hard to do for some of the folks in washington. [music: artist: willy moon song: "yeah yeah" label: universal] ♪ everybody well don't you know it's me now? ♪ ♪ yeah who's it, who's it huh? ♪ ♪ willy's back with a brand new beat now, ♪ ♪ yeah doin' it doin' it up! ♪ heyyy yeah, tryin' to bite my style! ♪ ♪ heyyy yeah, how you like me now? ♪ ♪ na na na na na na na na ♪ and everybody go uh! it's part of what you slove about her.essing. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you
with no deal to avoid the fiscal cliff we'll look why one of them says a plan could be possible if the president himself didn't want to take us over the edge. >> we are told injuries are serious. they are being treated in local hospitals. as you mentioned a police officer from nearby greece, new york was apparently driving by. he was injured when his vehicle or the area near him was hit by shrapnel. now, as for the crime scene itself, the authorities say that they believe that the shooter is dead. no word as to his identity. also not clear, kelly, is what type of weapon he had with him. the authorities said that it was not clear if it was an assault rifle, the type of weapon we have heard so much about during the past few days. we expect that there will be more information later today. they say there will be a news conference at 2:00 this afternoon. another thing to keep in mind is that because of the attack on the firemen, they were unable to put out the house fire, and what began as a house fire and vehicle fire then spread to at least three other buildings. we are toll that t
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